Kizlyar Cognac Plant included into the federal property list

Makhachkala, July 21, 2014. Daghestani Head Ramazan Abdulatipov has announced that Kizlyar Cognac Plant would be transferred to federal ownership. This decision was made in connection with the requirement of federal law, which defines the terms of corporatization of all the state unitary enterprises til the end of 2016.

According to Daghestani Leader, Kizlyar distillery is transferred to the federal property, for avoiding suspicion of interest in its corporatization.

Besides, Ramazan Abdulatipov also touched upon the property valuation issue. A special evaluation committee should fix the cost of the enterprise. Previously, the approximate cost of the plant was estimated at RUR 4 billion.